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House prices have risen at almost twice the rate of pensioner incomes over the
past 15 years, according to figures gathered by the Equity Release Council.

It found that since 1997 the average price of a house had risen, in real
terms, by 91 per cent, from £120,211 to £229,610. The average income of a
pensioner household had gone up by just 46 per cent, from £13,786 to
£20,129.

One of the biggest changes that has happened to pensioners’ incomes over the
past 15 years has been the decline in the part played by investment income.
In 1997 it made